Center City
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Philadelphia-Based Brandywine Realty Trust Sells 23-Story Building in Arlington for $190.5M
Philadelphia-based Brandywine Realty Trust recently sold a mixed-use building in Arlington, Virginia, for $190.5 million as part of its continuous efforts to ease out of the Washington D.C. market, writes Michael Potter for the Philadelphia Business Journal. The sale of the 23-story building, which is the tallest building in Arlington’s Ballston submarket, comes more than…
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Washington D.C.-Based Hospitality Group Set to Debut Mi Vida in Philadelphia, Eyes Further Expansion
Knead Hospitality + Design is gearing up to open its first Philadelphia restaurant next year, with plans already underway for further expansion in the region, writes Emma Dooling for the Philadelphia Business Journal. The Washington D.C.-based restaurant group plans on debuting its pan-Mexican concept, Mi Vida, in mid-2025. The eatery will be located in East…
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Philadelphia City Council Committee Vote to Approve Sixers’ 76 Place Arena Proposal
Philadelphia City Council committee members have voted in favor of advancing the proposal to build a new Philadelphia 76ers arena in Center City to the full City Council, writes Paul Schwedelson for the Philadelphia Business Journal. The favorable 12-4 vote overcomes a critical hurdle and comes after several delays. “This is an important next step…
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African American Museum in Philadelphia Opening New Exhibit: ‘Shaheed Rucker: (re)Covering the Iconic’ Dec. 20
The African American Museum in Philadelphia (AAMP) will debut a new exhibition, “Shaheed Rucker: (re)Covering the Iconic” on Friday, Dec. 20, 2024, in the Jack T. Franklin Gallery. This exhibition reimagines Jet Magazine and Wheaties Box designs to spotlight Black Pennsylvanians’ achievements, featuring cultural and sports icons, such as Cecil B. Moore, August Wilson, Patti…
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See Which Philadelphia-Based Company Made Inc.’s 2024 Best in Business List
Inc. has published its 2024 “Best in Business” list and out of the seven Philadelphia-area companies to make the list, one is based in the city, writes Lisa Dukart for the Philadelphia Business Journal. Proscia, based in Center City, is a firm that harnesses the power of artificial intelligence to improve how pathologists diagnose cancer.…
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The African American Museum in Philadelphia Announces 2024 Kwanzaa Celebration Event Series
The African American Museum in Philadelphia (AAMP) has announced a series of special programs and events beginning December 26 to celebrate Kwanzaa, a Pan-African and African American holiday, which is rooted in cultural traditions and practices that uplift principles of family and community. During the week-long celebration, December 26 through January 1, AAMP will offer…
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University of the Arts Properties At Center of City’s Real Estate Buzz as Bid Deadline Approaches
Ahead of the deadline to submit bids for the sales of University of the Arts’ several buildings, there has been much interest, writes Mike D’Onofrio for AXIOS. Among the major players considering jumping in the mix include Temple University and Philadelphia developer Carl Dranoff. According to a spokesperson for real estate services company JLL, at…
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New Center City District Report Shines Light on Downtown Retail Trends
The Center City District recently released its latest report on downtown Philadelphia retail, but while experts say it has stabilized, there is still room to grow, writes Meir Rinde for Billy Penn at WHYY. According to the report, the retail occupancy rate for the area spanning from Girard Avenue to the north to Tasker Avenue…
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Amtrak Sets New All-Time Record for Number of Passengers
This year has been a record-breaking one for Amtrak as the national passenger railroad company saw its highest ridership numbers ever, writes Chris Morris for Fortune. Amtrak announced that it saw 32.8 million passengers taking trips on its trains in its 2024 fiscal year. That represents a 15 percent increase over its 2023 numbers, and…
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Greater Philadelphia Film Office’s New Leadership Launch New Initiative With Local Focus
The Greater Philadelphia Film Office recently appointed new top leadership for the first time in 30 years, writes Andre Bennett for KYW Newsradio. In that time, Sharon Pinkenson served as executive director, while Erin Wagner and Nicole Shiner worked closely alongside her. After Pinkenson wrapped up her tenure on November 30, Wagner and Shiner stepped…
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Philadelphia’s Aion Partners, Goldman Sachs’ Vintage Strategies Team Up for New Real Estate Venture
Philadelphia-based apartment owner Aion Partners has joined forces with Vintage Strategies at Goldman Sachs Alternatives and a global sovereign investor for a new $1 billion joint venture to acquire value-add apartments, writes Paul Schwedelson for the Philadelphia Business Journal. An additional $700 million will go toward renovating approximately 4,000 units at its Mid-Atlantic properties. Aion…
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North Face to Close Center City Store in January
North Face has announced that it will be closing its Center City store in January 2025, writes Ryan Mulligan for the Philadelphia Business Journal. As a result of the closure, 17 layoffs will occur. The store has been there, as part of Philadelphia’s premiere retail corridor on Walnut Street, since 2009. According to a Worker…
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Philadelphia Film Society Wins $2 Million Grant to Support Building Renovations, Advance Offerings
The Philadelphia Film Society was recently awarded a $2 million grant from Wyncote Foundation, writes Bedatri D. Choudhury for The Philadelphia Inquirer. PFS is planning to use the grant to support renovations at the Film Society Center’s Chestnut Street location. The renovations include a new entrance and box office, an improved lobby with better ADA-compliant…
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Wall Street Journal: Comcast to Spin Off NBCUniversal Cable Channels Into New Company in $7B Venture
Comcast has officially announced plans to move forward on a venture to spin off its NBCUniversal cable TV networks into a new standalone company, writes Amol Sharma for The Wall Street Journal. After first revealing last month that the media conglomerate was contemplating the idea, Comcast decided that it will be better off doing it.…
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72-Year-Old Jewelers’ Row Mainstay Safian & Rudolph Earns Family-Owned Business Award
Safian & Rudolph has been a Jewelers’ Row institution for 72 years and can largely credit its success as a mainstay for its ability to adapt to the times, writes Lisa Dukart for the Philadelphia Business Journal. Today, the CEO of Safian & Rudolph is Rich Goldberg, a third-generation leader of the institution. He took…
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VinylCon! to Return to Philadelphia Nov. 23-24 at 23rd Street Armory
VinylCon!, the largest vinyl record fair in Philadelphia, is set to return to the city this weekend on Nov. 23-24, writes Chris Compendio for PhillyVoice. The fair will take place at the 23rd Street Armory in Center City and feature more than 100,000 records from at least 70 vendors. This will be the second time…
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African American Museum in Philadelphia to Host ‘Brunch at AAMP: A Taste of the Diaspora’
The African American Museum in Philadelphia will be hosting a one-of-a-kind Thanksgiving weekend event that will allow visitors to experience Thanksgiving traditions from around the world. On Sunday, November 24, AAMP will host “Brunch at AAMP: A Taste of the Diaspora.” While Thanksgiving is often thought of through the lens of the familiar American celebration…
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LEGO to Release New Set That Allows You to Build Replica of Philly’s LOVE Sculpture
LEGO will soon release a new set that will allow builders to bring Philadelphia’s famous LOVE statue right into their homes, writes Cherise Lynch for NBC 10 Philadelphia. It’s called the “LEGO Art LOVE” building set and is a smaller version of the LOVE Park sculpture that sits in John F. Kennedy Plaza. The 791-piece…
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